Democratic divisions emerge as Congress tackles crypto regulation
Democrats are wrestling with their strategy on cryptocurrency, a once underground industry that has become a powerful player on Capitol Hill — and closely associated with President Donald Trump.
Cryptocurrency groups scored a major win in Washington on Tuesday, with the Senate passing a landmark bill to regulate some digital assets. It was a bipartisan vote, with 18 Democrats joining nearly every Republican to support the bill following an intense lobbying and advocacy effort.
But the battle over the legislation has exposed deep Democratic divisions over how to handle the broader issue of crypto in a GOP-controlled Washington. While some Democrats have pushed for the party to be leading the charge on developing policy for the quickly…
